Should I buy a 4-Family and live in it?

[Bryan Zen]

4 Family property in Central NJ. 

New construction area and walking to the up and coming downtown and train station to NYC.

Taxes are high and the property needs work. But feel there is potential.  I would live in 1 unit for a ~year then rent out all four.

Purchase $325K. Taxes, $10K/year. Landlord pays utilities at $6K/year. 

I would do 5% down.